Page 43 - NewTech Insurance PR REPORT - March 2024

NewTech Insurance Brokers enriches customer experiences

Hitesh Khanchandani, Managing Partner at NewTech Insurance Brokers
INSURANCE
NewTech Insurance Brokers enriches customer

experiences

Records 90% client renewal rate and 35% growth in business KPIs

Press Release

March 5, 2024

The company remains commi ed to offering advanced customisable, affordable and reliable insurance
products to individuals and corporates

Reports state that the UAE insurance sector places a substan al focus on health and life insurance, with
the market projected to reach USD 19.6 billion by 2030 from USD 10.131 billion in 2022

UAE: NewTech Insurance Brokers, a licensed and regulated insurance brokerage powerhouse in the UAE,
recorded a remarkable business growth in the fiscal year 2023 with a surge of over 35 per cent in key

performance indicators (KPIs) and a renewal client rate exceeding 90 per cent.

This achievement further solidifies the company’s posi on as a trusted partner in the UAE’s insurance
landscape, par cularly within the healthcare sector, with a comprehensive range of insurance packages,
services and products. With a specific focus on sectors, including health, property, motor, and travel, NewTech
seeks to con nue offering an array of personal and business insurance services that are flexible, reasonable, and

reliable. The company also recently hosted an event in associa on with NHRDN addressing HR leads of the
region on naviga ng the health insurance sector in the UAE.

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